We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Stanford Receiver Loses $88M Clawback Bid

Law360, New York (September 15, 2017, 3:46 PM EDT) -- A Texas federal judge shut down a post-verdict attempt to revive an $88 million clawback suit linked to the $7 billion Stanford Ponzi scheme on Thursday, saying there's no justification for questioning the jury's finding that no payback was required.

In the wake of its collapse, receiver Ralph Janvey sought to take back $88 million in loans that Colorado billionaire Gary Magness got out of R. Allen Stanford's infamous scheme. But a jury found in January that the transfers were made in good faith, meaning Magness and...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Janvey v. GMAG LLC et al


Case Number

3:15-cv-00401

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

David C Godbey

Date Filed

February 6, 2015

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.